Insight
Global economic outlook Q2 2025: trade tensions bite
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Wood Mackenzie has revised its global economic outlook downward due to trade tensions. Our forecast for global gross domestic product growth is 2.4% for 2025 and 2.5% for 2026. Temporary pauses on the US reciprocal tariffs and US levies on Chinese imports have averted the worst-case economic impacts, for now. Given the tariff uncertainty, this update includes two scenarios: trade truce and trade war.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global inflation outlook Q2 2025
Wood Mackenzie's proprietary inflation forecasts for selected countries.
$3,250
Commodity Market Report
Global exchange rate outlook Q2 2025
Wood Mackenzie's latest forecasts of key exchange rates.
$850
Insight
US reciprocal tariffs pose downside risks to global economic outlook
Economic slowdown in the short term and a restructure of global trade and supply chains eventually.
$1,150
